Livestock monitoring enables farmers to keep an eye on their animals’ movements, location and behavior. It helps them prevent disease outbreaks, optimize grazing patterns and manage the use of feed resources and water. It also helps them improve the quality of milk and beef products. Livestock monitoring solutions include a variety of hardware, software and other tools used to track the behavior and location of livestock such as sensors and cameras, gating systems and RFID tags. They can be integrated into the control system of a dairy barn or other facilities and can work on LPWAN protocols, making them suitable for use in remote areas where mobile networks are unavailable. They can also provide a web application or IoT dashboard for real-time access to data.

Market Dynamics:

Increasing concern of profit among farmers, rise in livestock population and technological advancements are expected to drive growth of the global livestock monitoring market over the forecast period. Rising incidences of zoonotic diseases among livestock is also driving the demand for livestock monitoring systems.

However, the adoption of this technology is limited by high initial capital investment and lack of awareness regarding benefits of livestock monitoring. This is further likely to obstruct growth of the global livestock monitoring market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global livestock monitoring market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global livestock monitoring market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include DeLaval Inc., Fancom BV, GEA Group Aktiengesellschaft, MSD Animal Health, Afimilk Ltd., BouMatic, and Sensaphone
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global livestock monitoring market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global livestock monitoring market

Detailed Segmentation:

• Global Livestock Monitoring Market, By Animal Type:
  • Cattle
  • Poultry
  • Swine
  • Equine
  • Others
• Global Livestock Monitoring Market, By Component:
  • Hardware
  • Software
  • Services
• Global Livestock Monitoring Market, By Application:
  • Milk Harvesting
  • Breeding Management
  • Feeding Management
  • Animal Health Monitoring & Comfort
  • Heat stress
  • Behavior monitoring
  • Others
• Global Livestock Monitoring Market, By Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profile:
  • DeLaval Inc.
  • Fancom BV
  • GEA Group Aktiengesellschaft
  • MSD Animal Health
  • Afimilk Ltd.
  • BouMatic
  • Sensaphone